“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 2019

Rapaport to auction Sierra Leone 709 carat diamond

12 october 2017
Rapaport said it has been selected by the government of Sierra Leone as the marketing and sales agent of the 709 carat diamond, which was discovered by an artisanal miner last March in the village of Koryardu.
The group said in a statement that more than 50 percent of the stone’s sales value would directly benefit the community where the diamond was discovered and the people of Sierra Leone.
“We call on the worldwide diamond industry to bid generously for the Peace Diamond as it will bring vital infrastructure and benefit to thousands of Sierra Leone’s artisanal diggers,” said Sierra Leone president Ernest Bai Koroma.
He said the government was committed to ensuring a transparent and competitive auction process that would ensure fair market value for Sierra Leone’s diamonds.
The owner of the diamond, Pastor Emmanuel Momoh also said that the stone would greatly improve the lives of “our people”.
“This diamond represents our hope for a better future as the resources of Sierra Leone fund growth, development and jobs,” he said.
Meanwhile, Rapaport chairperson Martin Rapaport said he believed in the positive energy of the Peace Diamond and the great good it would do for the people of Sierra Leone.
“The lucky buyers of the Peace Diamond and the resultant polished Peace Diamonds can take pride in knowing that they have created a better life for tens of thousands of people,” he said.
“This is a diamond that makes the world a better place. This is a diamond with spiritual sparkle.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished